Nyrada Inc - Annual Report 2022

NYRADA INC (ASX:NYR) 52 12. Unrecognised carry-forward tax losses The Company has income tax revenue losses of approximately $7,533,789 (2021: $5,708,177) for which no deferred tax asset has been recognised. 13. Parent entity information Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income Parent 2022 2021 $ $ Loss after income tax (2,195,362) (8,226,143) Total comprehensive income (2,195,362) (8,226,143) Statement of financial position Parent 2022 2021 $ $ Total current assets 8,021,863 9,466,431 Total non-current assets - - Total assets 8,021,863 9,466,431 Total current liabilities 79,805 268,962 Total liabilities 79,805 268,962 Equity Issued capital 25,320,332 25,320,332 Share-based payments reserve 5,693,864 4,726,913 Accumulated losses (23,072,138) (20,849,776) Total equity 7,942,058 9,197,469 Guarantees entered into by the parent entity in relation to the debts of its subsidiaries The parent entity had no guarantees in relation to the debts of its subsidiaries as at 30 June 2022 and 30 June 2021. Contingent liabilities The parent entity had no contingent liabilities as at 30 June 2022 and 30 June 2021. Capital commitments - Property, plant and equipment The parent entity had no capital commitments for property, plant and equipment as at 30 June 2022 and 30 June 2021. Significant accounting policies The accounting policies of the parent entity are consistent with those of the Consolidated Entity, as disclosed in note 2, except for the following: • Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity. • Dividends received from subsidiaries are recognised as other income by the parent entity and its receipt may be an indicator of an impairment of the investment.